Live Baby Live is the first live album by Australian rock band INXS. It was released on 11 November 1991 and features tracks recorded during their Summer XS Tour in Paris, New York, Chicago, London, Dublin, Glasgow, Rio de Janeiro, Montreal, Spain, Switzerland, Melbourne, Sydney, Philadelphia, and Las Vegas. The album peaked in the top 10 on both the Australian and United Kingdom albums charts. It has sold over one million copies in the United States, earning a platinum certification by the RIAA. A single, "Shining Star", was released from and ahead of the album on 21 October. It became the group's ninth Top 40 single on the UK Singles Chart, but failed to appear on the Billboard Hot 100 in the US, despite reaching the top 20 of the rock charts.

The title's two uses of 'live', indistinguishable by spelling alone, are pronounced differently – according to The Greatest Hits album's accompanying booklet – the first is pronounced to rhyme with 'give', whereas the second is pronounced as in 'five'. The name is a play on the first line of "New Sensation".